Pensionmetrics 2 : stochastic pension plan design during the distribution phase

  • David Blakea, Andrew J. G. Cairnsb, Kevin Dowdc
  • Published 2003

Abstract

We consider the choices available to a defined contribution (DC) pension plan member at the time of retirement for conversion of his pension fund into a stream of retirement income. In particular, we compare the purchase at retirement age of a conventional life annuity (i.e., a bond-based investment) with distribution programmes involving differing… (More)

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